Joint Savings
Save together in a Monzo Joint Account with 3.75% APY. You both need a Monzo Account to get started.
Banking services provided by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated.
Earn 3.75% APY
Your joint savings will earn interest, paid monthly. Get rewarded as you grow your savings together.
Couple goals
Vacation, down deposit, or an emergency fund. Whatever your joint goal is, you can make a Jar for it. Name them, and add images to help you visualise what they’re for.
Start small with no catch
No fees, no minimum deposit, and you can withdraw your money instantly whenever you need it.
The security of a fully regulated bank
With Monzo, your money is eligible for insurance up to $250K through our partner Sutton Bank, Member FDIC.*
What’s the national average interest rate?
The national average interest rate for savings accounts is 0.45% as posted on FDIC.gov, as of 21 October 2024.
* How does FDIC insurance work? Your funds are held at Sutton Bank, Member FDIC. Monzo is a financial technology company, not a bank or FDIC-insured depository institution. Monzo accounts are subject to pass-through FDIC insurance up to $250,000 per ownership category, should Sutton Bank fail. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply, which you can learn more about here.
Join over 10 million people on Monzo
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